The Lagos State Authorities has secured a $22 million overseas direct funding (FDI) for the growth of fibre optic infrastructure to spice up its push for sensible connectivity and digital progress throughout the state.
The announcement was made on Monday by the Particular Adviser to the Governor on Infrastructure, Engr. Olufemi Daramola, through the ministerial press briefing commemorating the second yr of Governor Babajide Sanwo-Olu’s second time period in workplace.
Based on the federal government, the Lagos State Infrastructure Upkeep and Regulatory Company (LASIMRA) secured the $22 million dedication as a part of its ongoing efforts to increase the state’s fibre duct community.
“In the identical vein, the Lagos State Infrastructure Upkeep Company (LASIMRA) has additionally made vital increase within the state’s funding in Fibre Duct Growth: with a further 2,700km installations deliberate, constructing on 3,000km accomplished by WTES, to boost connectivity whereas additionally securing a dedication of $22 million overseas direct funding for high quality fibre installations in Lagos State,” Daramola mentioned.
This funding comes amid the state’s broader plan to deepen its digital spine by enhancing broadband entry and digital providers by means of intensive fibre protection.
Backstory
Lagos State, in early March, entered the second section of its 3,300km metro fibre rollout, including to the two,700km already laid to enhance web connectivity, significantly in underserved areas.
- The growth has facilitated over a million new web subscriptions between 2023 and 2025 and enabled telecom operators to achieve areas that had been beforehand neglected.
- As a part of the broader digital transformation, the state can also be advancing its Secure Metropolis Undertaking by means of the deployment of sensible surveillance methods and site visitors enforcement applied sciences in key places reminiscent of Alapere and Allen Avenue.
These instruments are getting used to boost public security and handle site visitors extra effectively.
What you need to know
Governor Sanwo-Olu introduced plans to increase Lagos State’s fibre-optic community by a further 1,200km in 2025, alongside the event of world-class knowledge centres throughout the subsequent two years. These initiatives purpose to bolster the state’s digital infrastructure to drive innovation and financial progress.
Earlier in April, the governor revealed that 4 knowledge centres are presently underneath building, forming a part of a broader technique to increase Lagos’ info know-how capability. The state can also be rolling out a 6,800km fibre optic community, with 3,500km already accomplished to enhance web bandwidth and connectivity.
Lagos continues to steer as Africa’s prime know-how hub, accounting for over 60% of Nigeria’s tech startups. In 2023, startups within the state attracted over $1.2 billion in investments, representing 75% of all startup funding in Nigeria.
The federal government additionally studies that greater than 450 sensible cameras have been deployed for safety and site visitors administration, and that 14 businesses have already digitised their providers.
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